In 1935, Schrödinger introduced the word "entanglement" to describe a situation examined in famous Einstein-Podolsky-Rosen paper published few months before. The proper nature of quantum correlations that exist when two-partite system is an entangled state was subject controversy. contrast many other subjects, debate about entanglement came quite recently end.

This paper focuses on a nonlinear stochastic model for financial simulation and forecasting based on assumptions of multivariate stochastic correlation, with an application to the European market. We present in particular the key elements of a structured hierarchical econometric model that can be used to forecast financial and commodity markets relying on statistical and simulation methods. The...